256 CONGRESSIONAL PROCEEDINGS. 



D20. EASTERN RAILROAD OFFICE, 



Boston, August 14, 1838. 



SIR: I notice your advertisement of the 6th instant for proposals for the purchase 

 of State stocks, and Ixjg leave to offer you $100,000 of Massachusetts State scrip, 

 payable twenty years from 1st September next, bearing interest at the rate of 5 per 

 cent, payable semiannually. 



We are just advised of a large sale of the scrip of this State in London, at a 

 premium of 4 per cent; at which rate I am authorized to sell the $100,000 now 

 offered to you. 



The last issue of scrip which I received for same amount of the Commonwealth, 

 I sold all at 5 per cent. If the rate named should be at a greater premium than you 

 can purchase at, I shall be happy to receive an offer, which I will communicate to 

 the directors of this company. 



I am, sir, very respectfully, yours, 



B. T. REED, Treasurer. 



SECRETARY OF THE TREASURY. 



D 21. BANK OF KENTUCKY, 



Louisville, August 14, 1838. 



SIR: I take the earliest opportunity of acknowledging the receipt of yours of the 

 4th instant, 



Having already made such arrangements as will reduce the debt to you from this 

 institution to $300,000, I am willing to give that amount of the bonds held by you 

 at par. Should this arrangement satisfy you, please advise me as early as possible. 

 Your obedient servant, 



W. H. POPE, President, 

 Hon. L. WOODBURY, 



Secretary of the Treasury. 



D 22. STATE BANK OF INDIANA, 



August 14, 1838. 



SIR: For the purpose of a prompt adjustment of the balance due to the United 

 States on account of public deposits, I take an early occasion to comply with the 

 authority given me by the directors of this institution; and therefore propose that 

 such balance due from this institution, on account of public deposits to the United 

 States not otherwise arranged for, shall be forthwith paid by this institution in the 

 bonds of the State of Indiana, bearing 5 per centum interest, and payable, both 

 principal and interest, at a bank in the city of New York the principal at the 

 expiration of 30 years, and the interest semiannually. This proposal is intended to 

 include, also, the future installments of our deposit debt. 



An early answer is requested, and it is trusted that this mode of your realizing 

 these means and of adjusting an unsettled account may be approved. 

 I am, respectfully, your obedient servant, 



S. MERRILL 

 Hon. LEVI WOODBURY, 



Secretary of the Treasury. 



D 23. WASHINGTON, August 14, 1838. 



SIR: For one hundred and fifty thousand dollars of the Smithsonian legacy, adver- 

 tised for investment in State stock, I offer one hundred and fifty bonds of Virginia 

 State scrip, of $1,000 each, bearing an interest of 5 per centum, payable semi- 

 annually, and redeemable in twenty years. By an act of the Virginia legislature, 

 passed last April, the board of public works are authorized to pay the interest on 



